Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: OKX against Bitget−0.042%7-day average −0.015% · you buy dearer than you sell

to open and close $10k−$28fees + slippage, both legs, in and out

costs, in % of the position0.276%what the two incomes have to cover

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.042%, 7d avg −0.015%

Together, before fees+0.115%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	96.370	0	get 0.0000% / 4h	51m 35s	$27.8M	$22.9M	100x
Short	OKX BZ-USDT-SWAP	96.330	0	get 0.0000% / 4h	51m 35s	$15.9M	$30.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.015%: −$2.69
Slippage, 4 orders: −$5.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.33
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	1.04 bp	7.3 bp −$7	9.1 bp −$91	19.6 bp −$1,963	48.5 bp −$24.2K
Sell OKX live order book, 1 min ago	0.52 bp	5.7 bp −$6	9.0 bp −$90	21.4 bp −$2,139	doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	95.714	−0.681%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.180	−0.197%	$230K	$839K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.340	−0.031%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.351	−0.019%	$145.1M	$468.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.340	−0.031%	$10.4M	$16.6M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	96.330	−0.042%	$15.9M	$30.3M	50x
RISEx BZ/USDC	0.0000%	1h	96.357	−0.013%	$2.1M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.300	−0.073%	$9.2M	$18.7M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	96.370	long leg	$27.8M	$22.9M	100x
Variational Omni BZ	0.0000%	4h	96.396	+0.027%	$9.6M	$11.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.446	+0.079%	$29K	$391K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.390	+0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.390	+0.021%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.320	−0.052%	$284K	$163K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.350	−0.021%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	96.425	+0.057%	$221K	$234K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	96.380	+0.010%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0009% / S +0.0259%	1h	96.375	+0.005%	$100K	—	111x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.120	+0.778%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.410	+0.042%	$82K	$293K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.380	+0.010%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.382	+0.012%	$674K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.45	+4.234%	—	$664K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.360	−0.010%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.375	+0.005%	$150.1M	$143.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.408	+0.039%	$1.5M	$550K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.300	−0.073%	$3.1M	$1.1M	15x	as long as short
BloFin BZ-USDT	+0.0053%	4h	96.340	−0.031%	$1.5M	$95K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0075%	1h	96.443	+0.076%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.290	−0.083%	$3.8M	$953K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.460	+0.093%	$25K	$270K	50x	as long as short